Opportunities that exist in the central London, Paris and Stockholm property markets
are being pounced upon by real estate security funds.
It follows news that the Thames River Real Estate Securities Fund has returned 20.80 per cent.
The organisation noted that the fund has clearly outperformed its benchmark in each quarterly period since inception.
James Wilkinson, who manages the fund, commented: "In spite of heightened volatility and a series of macro shocks including Eurozone sovereign debt issues and political instability in the Middle East, we have been able to add over five per cent to the positive returns from our markets."
Mr Wilkinson added that he is now more optimistic about the outlook for the European property than he has been at any time in the last four years. The opportunity for a high and stable income return with more cyclical capital returns is possible over a long-term period, he said.
The comments follow the release of this year's Wealth Report, compiled by Knight Frank and Citi Private Bank, which claimed that prime property remains important to the world's wealthiest people, with property accounting for 35 per cent of ultra high net worth individuals' investment portfolios.
- Friday 08 April 2011